Does Bitcoins Rapid Price Drops Actually Increase Adoption Overtime?

Working out a theory that Bitcoin’s rapid price declines (and rises) are actually good for adoption. The rise is obvious, it pulls people in, but the rapid falls also keep a lot of people in because of the sunk cost fallacy and when prices start rising again they’ve usually done a lot more research and have a different (hodler) mentality. Few admit it but most buy before doing much research at all, they just chase green candles. Do you think Bitcoin’s extreme volatility(even the downside) has actually helped increase adoption?

Curious if anyones done any thinking about this. The huge bull markets aren’t really the focus, they obviously fuel adoption. But has the rapid downside played a bigger role than people think?